Jul 19, 2012 1:00am PDT
for the conservative caucus is the panama canal. their idea, roughly speaking, is we need to invade panama and talk the panama canal back because obviously, communists or something. the panama canal and up all night hair on fire fantasies about communists coming up the canal to come get us in the middle of the night, those have been around for a while, in the 1970s and the 1980s. the panama canal was the fast and furious, birth certificate, the president is a secret muslim conspiracy theory of its day. when that panama canal conspiracy theory was lighting up the tin foil hats of the generation ago, it was an ambition politician named ronal reagan who took that issue from the fringe and decide today mainstream it into national mainstream republican politics. he based his presidential campaign in part on this insane idea that the panama canal was basically an american state that we can't let the communists steal this american thing from us. he mainstreamed this paranoid far right fantasy that if we went along with our treaty obligations to let panama run its own canal, then america would seize to exi
Jul 19, 2012 3:00pm PDT
says quote, most of the foreign investors' money came through corporations registered in panama. then known for tax advantages and unusual banking secrecy. but it didn't matter to romney where the money was coming from, he knew there was little risk to him in starting his investment fund. he was assured by his boss bill bain back in 1984 that starting up bain capital would be a non-risk prospect for romney. ezra klein at the washington post writes, romney would get his old job and salary back plus any raises he would have earned during his absence. and bain promised that if necessary he would craft a cover story saying that romney's return to bain and company was needed because of his value as a consultant. so there was no professional or financial risk. no professional or financial risk. that's the kind of security that's denied to most americans. there's also news today undercutting romney's claim that he left bain back in 1999 to run the salt lake city olympics. >> i had no association with the banishment of bain capital after february of 1999. that's when i left the firm. i'